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21 January 2025 | 9 replies
Two, you'll have a much easier time obtaining a mortgage product if you have a track record of W2 income.In the meantime, continue implementing the strategies you mentioned: save religiously, build your credit, pay any existing debt owed, etc.
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25 January 2025 | 2 replies
I don't see anything the new administration can do to help the little guy.Make lots of $ and save it.
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24 January 2025 | 0 replies
Economic pressures forcing landlords to adjust rental prices to attract tenants.For renters, this means more flexibility and savings, especially in historically competitive areas.
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27 January 2025 | 7 replies
. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
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10 February 2025 | 7 replies
This would end up getting you some tax benefits and extra cash flow that could help you leverage that into another property...maybe a 1031 exchange.
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8 February 2025 | 12 replies
Some flat-fee or investor-focused brokerages charge a minimal transaction fee, which can save you money if you're not planning to generate regular commissions.Additional Tips:If your primary goal is access to the MLS and flexibility in viewing properties, evaluate the costs of holding a license (e.g., broker fees, MLS dues, continuing education) versus alternatives like working closely with an investor-friendly agent.Consider whether the time required for licensing, post-licensing education, and maintaining your license is worth it for your investment strategy.If you need help finding an investor-friendly brokerage in Georgia or navigating the process, feel free to reach out!
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26 January 2025 | 3 replies
Just save money and etc....This conversation is not for you.
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27 January 2025 | 4 replies
Being able to look one of these sellers in the eye and tell them that you can, as a licensed agent, either list their property or attempt to assign the contract, assuming wholesaling is legal in your state, is a huge credibility booster.2) Get an entry-level job, hustle, save as much as possible and plan to house-hack when you turn 18-21.
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15 January 2025 | 14 replies
The high property taxes takes out most of the profits.
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6 February 2025 | 9 replies
If your bottom line numbers on tax returns and W2 income are not strong however, this will be an abrupt dead end.